After one year of that, they changed it (apparently that was a promotional rate) to 2% back on grocery/gas/drug store purchases, and added "monthly bills like cable", with everything else the same. Ok, not as good, but still cash back.
Here is the latest change Citibank has made to my credit card:
- 1% cash back on everything (same)
- I can only get that money in $50 increments
- I have to use my card at least once a year
- Every 3 months, the "2% or greater" cashback items will change, and I have to call or go online to "enroll" in the quarterly programs.
So this is how they getcha.
This month, it's restaurants, car rentals, and hotels, as if I travel.
I'm going to have to request a rebate check for the next four months to get my already earned cash back.
BofA just started giving cash back on my Visa (another promotional rate of 5% cash back on certain purchases until mid-June). I'm hoping they continue doing something like that, so I can stop using my Citibank card. Anybody know of a good cashback card? (I'm only interested in getting cash, not points or miles.)
ETA: I just found out that my BofA promotion is just that, and the customer service representative doesn't know of any future promotions. But she did enroll me in WorldPoints, which can be redeemed as cash. I'll have to see how the cashback rate compares to the 1% offered by Citi. If I'm dilligent enough, I can use my Citi card for those periodic high-return purchases (if I happen to go out to dinner, for example), and my Visa for everything else.